815 S Jefferson Ave - Restaurant FOR SALE


Mount Pleasant, TX 75455
$2,600,000 USD
214-545-6900
815 S Jefferson Ave, Mount Pleasant, TX for Sale
$2,600,000 USD
Restaurant - FOR SALE
1/7
null | 6% Cap Rate

815 S Jefferson Ave
Mount Pleasant, TX 75455


HIGHLIGHTS

  • Building Underwent a Full Renovation in 2024 - 2025 with a Drive Thru
  • Long-Term NNN Lease with Built in Rental Escalations
  • Highly Visible Retail Center Located Adjacent to a Grocery-Anchored Community Center
  • Pylon Sign (18,600+ VPD)
  • Notable Nearby Retailers Include Super 1 Grocery, Harbor Freight Tools, CVS, O’Reilly Auto Parts, AutoZone, Petsense, AT&T, Taco Bell, Little Caesar’s

OVERVIEW

Wings Over Mount Pleasant (the “Property”) is a 4,700 square foot retail asset positioned along South Jefferson Avenue in Mt. Pleasant, Texas. Built in 2019, the Property underwent a full renovation in 2024 - 2025 and is 100% leased to Wings Over Mt. Pleasant who will be signing 10-year primary term leases with built in 10% base rental escalations at the close of escrow. The Property boasts excellent visibility and connectivity to the City of Mt. Pleasant. Located directly across the street from the Property, Jefferson Park Shopping Center, a 130,000+ square foot community retail center, dominates a highly coveted and commanding position in the heart of Mount Pleasant’s retail corridor. This prominent retail corridor along South Jefferson Avenue (18,600+ VPD) extends throughout Mount Pleasant and serves as the main retail corridor of the community. Adjacent to the property, there is a proposed 27-unit multi-family development. Additionally, the Property is directly flanked to the north and south by other notable retailers CVS and AT&T. Overall, Mt. Pleasant Plaza offers an investor a well-positioned retail asset with a long-term lease and built-in rental escalations.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$496 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

F1

APN/PARCEL ID

11313

ASK ABOUT THIS PROPERTY

Bill PyleEdge Realty PartnersMore Info
214-545-6900

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Bill PyleEdge Realty PartnersMore Info
214-545-6900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.